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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

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In Focus: 5 Factors To Consider On The “Build Vs Buy” Decision on Last-Mile Software Solution

Locus

Technology solutions for last-mile fulfillment have emerged as the quickest, most practical way to meet these steep consumer demands. However, should a business invest their capital in building and maintaining their solution from scratch, or simply purchase an off-the-shelf solution? Holistically consider the costs.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Read also: How to Calculate the Cost of Transport 2. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%.

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How to Calculate Beginning Inventory and Why You Should Track It

Ship Monk

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. How to Calculate Beginning Inventory. Ending Inventory + COGS – Purchases = Beginning Inventory. Beginning Inventory + Purchases – COGS = Ending Inventory. however often you’re counting inventory.

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How to Estimate Electrical Work: A Contractor’s Guide

WorkWave

As an electrical contractor, knowing how to estimate electrical work can make the difference between profit and loss. To enhance efficiency both on-site and in the back office, modern technologies such as electrical contractor software can also be utilized. This tool will simplify operations for your electric company.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

A lot goes into calculating total inventory costs , but the main inputs are purchasing (or manufacturing) costs and setup costs. By itself, carrying cost may not tell you much, but when tracked over time it can identify trends that affect your bottom line. How Can ShipMonk’s 3PL Software Help? The Cost of Success.

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Revenge Festivities: How To Power Up Your Retail Last-Mile Fulfillment To Meet Soaring Demand

Locus

Between the Covid-19 waves, a trend emerged in the US and the rest of the world that earned the popular name of ‘revenge shopping’. Now almost two years since the black swan event, the trend continues, evolving into much grander, ‘revenge festivities’. This is also how you equip them for excellence. Schedule Demo.